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HUFFINGTON POST - Aug.4, 2011
The number of temporary workers -- whose fortunes are closely watched as an indicator of employers' future hiring intentions -- dipped between May and June, according to the Bureau of Labor Statistics.
If the layoffs continue to increase, Owens said, the effects will be brutal for an already battered American workforce.
"I think that we will see an increase in poverty and a growth in bankruptcies," she said. Even more worrisome: An extension of federal unemployment insurance for the long-term unemployed, discussed in negotiations in Washington as late as July, was not included in the final debt deal signed into law on Tuesday. Owens said that workers who lost their job in the July cuts and are unable to find work by the end of the year will not have government unemployment benefits to help keep them above the poverty line.
The number of temporary workers -- whose fortunes are closely watched as an indicator of employers' future hiring intentions -- dipped between May and June, according to the Bureau of Labor Statistics.
If the layoffs continue to increase, Owens said, the effects will be brutal for an already battered American workforce.
"I think that we will see an increase in poverty and a growth in bankruptcies," she said. Even more worrisome: An extension of federal unemployment insurance for the long-term unemployed, discussed in negotiations in Washington as late as July, was not included in the final debt deal signed into law on Tuesday. Owens said that workers who lost their job in the July cuts and are unable to find work by the end of the year will not have government unemployment benefits to help keep them above the poverty line.